It was declared this Tuesday, July 31, by Minnesota Attorney General's Office that they have decided to settle on an agreement with Accretive Health. It has been reported that prior to the decision made, an investigation was carried.
Nevertheless, a lawsuit filed by attorney general, who supposed that the Chicago-based debt collector is using insufficient privacy controls, it has had access to more than information required from a patient, breached debt collection laws and used false ways for collection.
Accretive has been reported to have settled to the agreement, but it has been administered that Accretive has not admitted of being responsible for the wrong doing.
Accretive has been adjured to end up his business in State of Minnesota within the next 90 days or maximum by November 1, 2012.
The company has been restricted from carrying out any business in the state for the next two years, and even after that period, it needs to take permission from attorney general to carry on with the business proceedings for the next four years.
Moreover, Accretive as per settlement rules will have to pay State of Minnesota approximately $2.5 million. The attorney general's office said, "The money will be paid to a restitution fund used to compensate patients, with any remaining funds going to the state treasury".
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